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Wednesday, 24 July 2019

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Components Only Sets Sights on Key Mining Hubs Abroad
Austmine Limited
/ Categories: Press Releases

Components Only Sets Sights on Key Mining Hubs Abroad

Australian leader in the trade of heavy earthmoving components expands business to Chile and Mongolia.

Rapidly growing Australian business Components Only is establishing offices in the high-profile mining regions of Chile and Mongolia.

A global leader in the buying, selling and sourcing new, used and rebuilt components for heavy machinery across the mining, construction and earthmoving industries. In response to increased demand for its comprehensive services and expertise, Components Only has turned its attention to two of the world’s key mining hubs.

“Both rich in resources, Chile and Mongolia utilise similar equipment to our existing markets of Australia and North America and we are confident that with local staff we can respond to the increasing trade requirements of these economies,” said Components Only Accounts Director Ben Hailes.

Chile is the world’s largest producer of copper. The mining industry is a major employer in the country and represents around 10 percent of the nation’s GDP. Prosperous and politically stable, with abundant natural resources, Chile has attracted some of the world’s largest mining companies – Anglo American, Barrick Gold, BHP, Freeport McMoRan, Glencore and Rio Tinto all have operations there, alongside state-owned mining company Codelco.

Mongolia boasts significant proven deposits of gold, copper, iron ore and coal. Its minerals sector is underdeveloped and holds enormous potential. 2019 has seen Mongolia emerging as an investment hot spot for untapped reserves, and the availability of rich reserves will continue to attract investors.

“Our expansion into Chile and Mongolia is an opportunity for us to leverage our proven business model, as well as to create positive economic impacts for both nations through employment and development of infrastructure,” said Ben Hailes. “We’re committed to improving these regions, and we look forward to working with the local communities.”

About Components Only

Servicing the mining, construction and earthmoving industries since 2014, Components Only is a global leader in the trade of heavy earthmoving components and parts.

The company provides a complete service to clients, which spans:

●     sourcing new, used and rebuilt components worldwide

●     selling, appraising and disposing of excess and obsolete stock

●     providing online marketplace services that facilitate the trade of components on one convenient, easy-to-use platform.

Passionate innovators who are committed to delivering excellent customer service for their clients, Components Only is underpinned by values of transparency, integrity and trust.

www.componentsonly.com

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